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bitcoin's Introduction

Bitcoin! Bitcoin! Bitcoin!

Dear sir, how do I get rich in bits-coin?

If we all buy Bitcoin from one another at ever higher prices we'll all be rich beyond our wildest dreams.

-- Trolly McTrollface


Contents:

How Bitcoin Mining Works

Me: I just set a $100 bill on fire.
Everyone: That's stupid.
Me: I have undeniable proof.
Bitcoiners: We'll give you $200 for it.

-- Trolly McTrollface

Read more "Inside Bitcoin's Proof-of-Work / Waste 10-Minute Mining Lottery" »

§

Burn, baby, burn! The Planet cannot win. Is there a Planet B?

How to Buy Bitcoin (The CO₂-Friendly Way)

  1. Take one $50 bill, five $10 bills, or ten $5 bills (I wouldn't recommend change - stay with paper money).
  2. Go to the bathroom.
  3. Lift the lid of the loo.
  4. Throw money in.
  5. Flush down water.

Congrats! You just purchased $50 worth of Bitcoin - without fucking the planet!

-- Trolly McTrollface

How it all started in 2009:

BitCoin v0.01 ALPHA

Intro
-----
Bitcoin is an electronic cash system that uses a peer-to-peer network to
prevent double-spending.  It's completely decentralized with no server or
central authority.


Setup
-----
Unpack the files into a directory and run bitcoin.exe.

The software automatically finds other nodes to connect to.  You should set
your firewall to forward port 8333 to your computer so you can receive incoming
connections, otherwise the nodes you can connect with will be limited.

To support the network by running a node, select:

  Options->Generate Coins

and keep the program open or minimized.  It runs at idle priority when no other
programs are using the CPU.  Your computer will be solving a very difficult
computational problem that is used to lock in blocks of transactions.  The time
to generate a block varies each time, but may take days or months, depending
on the speed of your computer and the competition on the network.  It's not a
computation that has to start over from the beginning if you stop and restart
it.  A solution might be found at any given moment it's running.  As a reward
for supporting the network, you receive coins when you successfully generate a
block.

See bitcoin-0.1.0.tgz Unpacked - The Original Bitcoin Source Version (January 9, 2009) »

bitcoin's People

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